510 N Ocean Beach Blvd
Long Beach, WA 98631
1360 sqft | 0.06 acres | #2309703
Description
Turnkey Rental Property! 2 Units, each apprx. 640sf. 100% occupancy for 5 years. Ground up remodeled incl foundation. Modest interiors feature new kitchens with dishwasher, bth rms, washers/dryers, ceiling fans. No builder-grade anything. Easy to maintain lot, off street parking, room for a garage or shelter, close to beach, downtown Long Beach business district and restaurants. Proven income producer, current cap rate of 3.75 but expenses currently include water, garbage, lawn svc and property management. Cap rate will rise w/a more hands-on landlord. Long term/stable tenant in 512 will stay if allowed. Split use as beach get-away for one unit and the other as rental is certainly possible. Your rental will mostly pay for your home!
Property Details
- Exterior FeaturesHigh Speed Internet
- Date ListedNovember 07, 2024
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Elementary SchoolLong Beach Elem
- Middle SchoolIlwaco Jnr High
- High SchoolIlwaco Snr High
- Exterior MaterialsWood Products
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Style52 - Duplex
- School DistrictOcean Beach
- Lot DescriptionCorner Lot
- SubdivisionLong Beach
- InteriorLaminate
- Original List Price$456,000
- CountyPacific
- MLS #2309703
- MLS #2309703
- Acres0.0574
- Taxes Annual$1,158
- Cost456000
- Structure TypeDuplex
- Square Feet1360
- Year Built1940
- Days on Market (Cumulative)45
- Stories1
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-13 18:43:12. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Mark Magee (#NWM101245)
Listing Office: Kelly Right RE of Seattle LLC (#NWM2821)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
